Through a partnership with DH Holdings Inc., Premier Workspaces has opened its second Temecula Valley office in a roughly 48,000-square-foot shopping center in Wildomar, Calif. Premier CEO Jeff Reinstein noted in a statement that many landlords are looking to differentiate their assets by incorporating shared workspaces in their properties. Opened in 2017, Wildomar Square […]
SCOTTSDALE, Ariz., Nov. 21, 2019 /PRNewswire/ — Multifamily Leadership has announced the official ranking for the 2020 “Best Places to Work Multifamily®” Program. Winners found out how they ranked at the Multifamily Leadership Innovation Summit held in Scottsdale, Arizona. The Multifamily Industry, serving apartments and their residents, contributes more than $3.4 trillion to the economy annually, […]
IRVINE, Calif., Oct. 21, 2019 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Atrium Apartments, a 39-unit apartment community in El Monte, California. Atrium was built in 1963 and is located at 3733 Gibson Road, El Monte, CA 91731. Bascom purchased Atrium for $9,700,000, or $248,718 per unit or $312.00 per square foot. Priscilla Nee and Eric Chen with CBRE brokered the transaction. James D’Argenio and Chang Liu sourced and […]
Long Beach, CA (October 16, 2019) – Harbor Associates, LLC (“Harbor”) in joint venture with Taconic Capital Advisors (“Taconic”) has closed on a $41.7 million off-market acquisition of a five-building commercial office portfolio totaling 368,000 square feet in San Bernardino, CA. Read More
A partnership with the Bascom Group and Artemis Real Estate Partners has acquired Phoenix Townhomes, a 248-unit condominium-style apartment community in Fresno for $35 million. The sales prices equates to $141,129 per unit. Read More
Irvine’s Bascom Group, one of the largest apartment owners based in Orange County, has refinanced 11 properties it owns, spread across five states. The $235 million refinancing includes one local complex, the Southtown at Main apartments in Santa Ana, which Bascom acquired in 2015 for $8.6 million. The 44-unit complex is near the intersection […]
NEWPORT BEACH, CALIF. — Newport Beach-based Real Estate Development Associates (REDA) has completed the disposition of Newport Heights Medical Center (NHMC), a 59,978-square-foot Class A medical office campus located in Newport Beach. LaSalle Investment Management acquired the fully leased asset for an undisclosed price. Read More
Premier Workspaces once again ranks No. l among shared space providers in Orange County, with nearly half a million square feet of office space at various area locations. The Irvine-based company, backed by local apartment owner and real estate investor Bascom Group, also is one of the oldest shared space providers in the country; it […]
The Bascom Group has closed on a $235 million refinancing of an 11-property multifamily portfolio spanning five states: California, Colorado, Arizona, Texas and Nevada. All of the properties are part of Bascom Value Added Apartment Investors II LLC, a Bascom discretionary fund. The majority of the new loans are interest-only with spreads over LIBOR […]
COLORADO SPRINGS, CO – The Bascom Group in partnership with an affiliate of The Axton Group has acquired Summer Grove Apartments and Tanglewood Apartment Homes, two adjacently located apartment communities in Colorado Springs, Colorado. Summer Grove and Tanglewood were constructed in 1971 and 1972, respectively, and are located at 3802 & 3803 Half Turn Road, Colorado […]
